Ramkrishna Forgings shares rose 2% after UBS reaffirmed its ‘Buy’ rating with a target price of ₹1,500.
The brokerage cites strong growth potential driven by key catalysts, including increased penetration in electric vehicles (EVs) and aluminium forging, contributions from recent acquisitions, and new clients in earth-moving, farm equipment, and oil & gas sectors. Additionally, emerging opportunities in the rail segment are expected to boost performance.
UBS anticipates double-digit growth for RKFL, outperforming its peers, and believes consensus estimates have not fully accounted for these growth drivers, indicating potential upside in FY26/27E.
As of 10:02 am, Ramkrishna Forgings shares were trading 1.74% higher at Rs 957.00 on the NSE.
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